IMPACT OF MERGER AND ACQUISITION ON THE PERFORMANCE AND GROWTH OF BANKS IN NIGERIA

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IMPACT OF MERGER AND ACQUISITION ON THE PERFORMANCE AND GROWTH OF BANKS IN NIGERIA

ABSTRACT

Merger and acquisition as a form of corporate restructuring are reform strategies adopted to reposition the banking sector. This research work seeks to examine the impacts of merger and acquisition on the performance and growth of banks in Nigeria as the main objectives. The research used shareholders’ funds and profit after tax of united bank of Africa as proxies to measure the financial effecting of banks in both pre and post consideration eras in Nigeria united bank of Africa Plc is selected for the study using sample random sampling method. Data were collected from Academic reports Journals Nigeria stock exchange achieve, Annual report and internet sources and were subsequently analyzed using correlation and regression with the aid of econometrics view (version 9). This research found out that “merger and acquisition” is an effective means of ensuring the stability and profitability of the banks, and that sector, the study also found out those shareholders fund contributed significantly to the profit after Tax of the capital adequacy of commercial banks positively. The research therefore recommends that merger and acquisition should be encouraged by management and board of directors to bring about profitability into Nigeria economy as a whole.

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IMPACT OF MERGER AND ACQUISITION ON THE PERFORMANCE AND GROWTH OF BANKS IN NIGERIA